Everen Securities, Inc. v. A.G. Edwards & Sons, Inc.
Appellate Court of Illinois
1Opinion of the CourtJustice Breslin
Everen Securities, Inc. (Everen), filed suit against defendants A.G. Edwards & Sons, Inc. (A.G. Edwards), Sidney Carlson and Loren Wright, alleging damages for breach of contract and misappropriation of trade secrets when Carlson and Wright resigned from Everen and began employment with A.G. Edwards. Everen’s claims were subsequently arbitrated. The defendants appeal from the trial court’s decision to confirm the arbitration award of $1,131,000 plus fees in favor of Everen. We hold that: (1) the arbitration panel did not exceed its authority in considering the issue of trade secret; (2) the…
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